Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Easterly Government Properties (DEA) Stock Price
Press coverage about Easterly Government Properties (NYSE:DEA) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Easterly Government Properties earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.6342100291065 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Easterly Government Properties (NYSE:DEA) opened at 19.99 on Monday. The stock has a 50 day moving average price of $20.01 and a 200 day moving average price of $20.30. The stock has a market cap of $765.36 million, a P/E ratio of 199.90 and a beta of 0.56. Easterly Government Properties has a 12-month low of $17.94 and a 12-month high of $21.81.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.29). Easterly Government Properties had a net margin of 3.40% and a return on equity of 0.58%. The business had revenue of $30.60 million during the quarter, compared to the consensus estimate of $30.61 million. During the same period in the previous year, the business posted $0.30 EPS. The firm’s revenue was up 22.9% on a year-over-year basis. On average, analysts forecast that Easterly Government Properties will post $0.11 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Wednesday, September 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.00%. The ex-dividend date is Tuesday, September 12th. Easterly Government Properties’s payout ratio is currently 1,000.10%.
Several research firms have recently commented on DEA. Zacks Investment Research downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. BidaskClub downgraded Easterly Government Properties from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 price objective on shares of Easterly Government Properties in a report on Monday, May 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $22.13.
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About Easterly Government Properties
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).
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